• Sabra’s Q4 Deals Push 2025 New Investments to $450 Million

    Sabra Health Care REIT released its fourth quarter results. On a year-over-year basis, same-store cash NOI increased 12.6% for the fourth quarter of 2025, while the 2025 quarterly year-over-year average increase was 15.0%, inclusive of the stabilized facilities formerly operated by Holiday Retirement.  Its Q4 acquisitions brought the... Read More »
  • CareTrust Closes 2025 with 169 New Property Investments

    CareTrust REIT came out with its fourth quarter and full-year 2025 earnings and is continuing on its growth trajectory. In Q4, the REIT added 19 properties to its portfolio, comprising 14 triple-net leased skilled nursing facilities, two triple-net leased seniors housing communities and three SHOP communities, all totaling $561.5 million in... Read More »
  • Separate Sellers Divest in Florida

    Berkadia announced two seniors housing closings, both involving communities in the Sunshine State. First, Berkadia represented a Maryland-based private equity investment firm in its divestment of a 130-unit independent living, assisted living and memory care community in the Jacksonville, Florida MSA. The asset was built in 2015. Ross Sanders,... Read More »
  • Idaho IL/AL Community Receives HUD Financing

    Berkadia secured $27.5 million in financing for a seniors housing community in Idaho. The asset comprises 191 independent living and assisted living units, and was 97% occupied at the time of closing. Bianca Andujo and Steve Muth closed the financing through HUD’s 232/223(f) program for a first-time Berkadia client based in Tennessee. The loan... Read More »
  • Welltower Releases Strong Results, Again

    Welltower announced its fourth quarter and full-year 2025 results, which reflected a strong year, as anticipated. Investors seemed to agree, with shares rising to an intraday high of 5.9% above the prior close the day following the release, before finishing up 3.5%.  In the fourth quarter, the REIT saw 400 basis points of average occupancy... Read More »
Brookdale Posts Preliminary 2025 Results

Brookdale Posts Preliminary 2025 Results

Brookdale Senior Living released its preliminary full-year 2025 results, and it was a mixed bag of good and bad news. The company also introduced its full-year 2026 guidance, signaling continued momentum. Investors ran with the positives, with the stock jumping roughly 11.5% from the January 28th closing price to an intraday January 29th peak of $14.63 per share.  Despite significant lease transitions and asset dispositions, revenue grew to $3.2 billion, $100 million higher than in 2024. Adjusted EBITDA came in at $458 million, a 19% increase from the prior year and slightly above the guidance midpoint of $455 million to $460 million. And full-year 2026 guidance for Adjusted... Read More »
CBRE’s Active 2025 and Q1:26 Projections

CBRE’s Active 2025 and Q1:26 Projections

CBRE’s National Senior Housing team announced its 2025 activity, with $3.1 billion in total transaction volume. Debt originations and equity placements comprised $1.95 billion of that total, and were completed across 25 states. Meanwhile, the investment sales side closed $1.15 billion in deals, selling 27 properties across 14 states. The investment sales team is projecting around $1.79 billion in closings in the first quarter of 2026 alone, which would surpass last year’s full-year total by 55.7%. That is some real momentum. Read More »
CBRE’s Active 2025 and Q1:26 Projections

CBRE’s Active 2025 and Q1:26 Projections

CBRE’s National Senior Housing team announced its 2025 activity, with $3.1 billion in total transaction volume. Debt originations and equity placements comprised $1.95 billion of that total, and were completed across 25 states. Meanwhile, the investment sales side closed $1.15 billion in deals, selling 27 properties across 14 states. The investment sales team is projecting around $1.79 billion in closings in the first quarter of 2026 alone, which would surpass last year’s full-year total by 55.7%. That is some real momentum. Read More »
Underperforming AL/MC Assets Sell in Michigan

Underperforming AL/MC Assets Sell in Michigan

A buyer with operational expertise and capital resources acquired two seniors housing communities that were not stabilized at the time of sale. The new owner intends to stabilize performance, implement targeted management improvements and reposition the assets. Current rates are priced below local competitors, offering upside through rate optimization. Jim Knapp of the Knapp-Stahler Group at Marcus & Millichap handled the deal.  The communities sit approximately 15 miles apart in rural southeast Michigan, together spanning more than 15 developed acres. The larger campus with 60 units comprises multiple buildings totaling over 36,000 square feet, and the second property features 20... Read More »
Global Real Estate Investor Enters Seniors Housing

Global Real Estate Investor Enters Seniors Housing

Blueprint revisited a familiar property, selling it on behalf of a joint venture that originally purchased it through another Blueprint-led sales process. The partnership was between a global private equity firm and a seniors housing sponsor, and at the time of its acquisition, the community was struggling. But they renovated all units and common areas and improved operations before its divestment. Occupancy averaged 97% for the 24 months before closing, with strong NOI margins. The older-vintage independent living community sits in Orange County, California.  Scott Frazier, Ben Firestone, Michael Segal and Jacob Gehl handled the transaction, which saw multiple competitive offers. The... Read More »
LTC Properties Gets Early Start on 2026 SHOP Acquisitions

LTC Properties Gets Early Start on 2026 SHOP Acquisitions

LTC Properties started the year off with a large SHOP acquisition in Atlanta, Georgia. The portfolio comprises three seniors housing communities with nearly 400 independent living, assisted living and memory care units. The assets were built between 2014 and 2018, and were stabilized at the time of sale at 92% occupancy. LTC Properties will retain the in-place operator, The Arbor Company. The REIT purchased the portfolio for $108 million, or around $270,000 per unit, generating an approximate 7% year-one yield and an expected unlevered IRR in the low teens. The acquisition was funded through a revolving line of credit.  The transaction checks a lot of the right boxes for LTC. It... Read More »